Scorpio Tankers and Scorpio Bulkers have each bought back close to $25m in company stock, the owners disclosed in filings after the close of trading in New York today.
Scorpio Bulkers took in $25.2m worth of shares, while the sister tanker company bought back $23.2m, the companies said in separate announcements.
The buys continue a recent spate of share repurchases by New York-listed owners over the holiday period, joining the likes of Euronav, DHT Holdings, Diana Shipping, Golden Ocean Group and Star Bulk.
